ASBIS: Strong and promising 28% increase in monthly sales

Limassol-based ASBISc Enterprises Plc, a leading Value Add Distributor, developer, and provider of ICT, IoT products, solutions, and services to the markets of Europe, the Middle East, and Africa (EMEA), saw a 28% annual increase in its consolidated revenues in April.

More specifically, it recorded revenue of $180m, compared with $143m in April 2022.

Costas Tziamalis, Deputy CEO of ASBIS Group, commented: “We are very pleased with the revenues generated in April this year. It is also another month in which we generated high double digit sales increases. We continue our strategy of investing in prospective markets, robotics and expanding our product portfolio with technologically advanced solutions. We are dynamically developing sales, which can be seen in our financial results.”

He added: “As for our sales in April 2023, we had no changes among the sales leaders from the previous month, they were: Kazakhstan, Ukraine, Slovakia and the United Arab Emirates. The best-selling product categories in April were: smartphones, processors, laptops and accessories.”

ASBIS Group is a leading Value Add Distributor, developer and provider of ICT, IoT products, solutions, and services to the markets of Europe, the Middle East, and Africa (EMEA) with local operations in Central and Eastern Europe, the Baltic republics, the former Soviet Union, the Middle East and North Africa.

ASBIS was founded in 1990 in Belarus, since 1995 operates from Cyprus. Company has 2 main distribution centers in the world located in the Czech Republic and the United Arab Emirates and 2 regional distribution centers (Georgia, South Africa), subsidiaries in 28 countries, more than 2,200 employees and about, 20 000 active customers in 60 countries worldwide. In 2022, the Group delivered sales of close to USD 2.7 billion.

The Company’s stock has been listed on the Warsaw Stock Exchange since October 2007 under the ticker symbol “ASB” (ASBIS).